Tuesday, September 15, 2009
GOLD PUSHES HIGHER GRADUALLY ON LIGHT VOLUME
NO SOONER SAID THAN DONE!
gold will probably retrace back down before making new highs
GOLD BREAKS OUT OF THE WHITE DOWNTREND CHANNEL AND TOPS THE PREVIOUS HIGH AT 1010.80 BEFORE PULLING BACK
Quite a rally after such a sell off earlier in the day.
The shorts must be crapping their collective pants about now.
HOURLY DECEMBER DOLLAR CHART (delayed prices)
Dollar fails to take out its previous high. It's going nowhere
BUT DOWN!
GOLD RUNS RIGHT BACK UP TO THE HIGH PLUS ONE TICK AND PULLS BACK ON SECONDARY PROFIT TAKING, SHOULD MOVE EVEN HIGHER
The shorts have to be covering to have gold move up this
fast and repeatedly making another new high.
Tremendous upward strength in gold after such a bashing
this morning. The shorts are doomed and must be going
crazy as they see their money disappear in seconds.
GOLD SCREAMS HIGHER ON HEAVY VOLUME
gold hits the top blue uptrend line and pulls back.
May find support on the top white downtrend line just
exceeded
GOLD BREAKS THROUGH RESISTANCE AT 9983 ON STRONG VOLUME
Strong volume all the way up to the previous top, now
a pull back to consolidate, then higher
GOLD STILL WITHING THE WHITE DOWNTREND CHANNEL WHICH WILL RESOLVE UP
Gold usually pulls back to the low, or a bit lower, now, then
rallies back up to make new highs.
GOLD GETS WHACKED HARD ON VERY HEAVY VOLUME, BUT BOUNCES BACK ON STRONG VOLUME
The shorts are pulling no punches today and are desperate
to cover their losing positions. Their only hope is to cover
those short positions which will drive gold up dramatically
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